It's too long to ignore, that we are no longer in bullish market, it's expected, how long you would be expecting to just long BTC ? Until 50K?
It should pull out even 70% correction, before going up again. If 6-7K will be revisited, than we can go longer and even up to 25K.
ralphstock
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@JA.piotr.bor, Otherthings factor in but every attempt to break through that lower trend line has been rejected. 9.4k is currently the support which has been tested twice recently.
mmmp12
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@ralphstock, And any attempts to breakthrough higher trendline, also failed. So for me it's still in bearish territory.
I mean, these 3 years was for crypto very good, some breath, for regaining fuel, would be good, a lot of people won't buy on such high levels, without mania insight.
And definately mania phase has blown off, seeing by charts, and regular moves now.
Asma7assan
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so you think we are still bearish?
ralphstock
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@AsmaHassan, until mid February, it will not go lower than 9.4k unless it breaks a very long term trend line. So far every attempt has been rejected.
It should pull out even 70% correction, before going up again. If 6-7K will be revisited, than we can go longer and even up to 25K.